(FE) With a resounding domestic political victory behind him, Indian Prime Minister Narendra Modi turns attention back to policies this week. One area key to watch for investors: progress on resolving a mountain of bad debt that’s restraining the private economy. Modi, who swept to power in federal elections in 2014 and this weekend notched a decisive win in India’s largest state, has championed reforms for businesses yet overseen an expansion that’s been propelled by the public sector. Key to that shortfall has been a decline in credit exacerbated by the lack of a national plan to clean out non-performing…
Author: Aruna Sharma
(PTI) Railway Minister Suresh Prabhu today pitched for rail connectivity with neighbouring countries to boost trade and eliminate poverty in the region.Highlighting the need for physical connectivity with neighbours for trade growth, he advocated work on rail link from Kathmandu to Delhi and Kolkata shortly.”Asia is going to be the next futre growth centre of the world. Asia being the large continent, it is going to be very interesting to see how all countries of the region participate in the growth,” Prabhu said while inaugurating the global conference on transcontinental rail connectivity here.Organised by the United Nations Economic and Social…
(FE) Prime Minister Narendra Modi did well by assigning the defence portfolio again to finance minister Arun Jaitley with Manohar Parrikar’s return to Goa as chief minister—Jaitley had handled these two responsibilities in the initial months of the current NDA government successfully.But, the very fact that he had to relinquish the defence minister’s job to focus on finance ministry because both the ministries need full-time attention, in itself, points to the need of quickly getting out of this set-up. While Jaitley has done well as finance minister, it is now time for PM Modi to look for an alternative—he is…
(AT) यूपी की अखिलेश सरकार में मंत्री रहे गायत्री प्रजापति को गैंगरेप केस में गिरफ्तार कर लिया गया है. यूपी पुलिस ने प्रजापति को लखनऊ से गिरफ्तार किया. सुप्रीम कोर्ट की दखल के बाद गैंगरेप केस में प्रजापति के खिलाफ मामला दर्ज किया गया था. पिछले कई दिनों से प्रजापति की तलाश में यूपी पुलिस छापेमारी कर रही थी. गिरफ्तारी के बाद प्रजापति को अदालत में पेश किया गया जहां से 14 दिन की न्यायिक हिरासत में जेल भेज दिया गया. गायत्री प्रजापति ने अपना नार्को टेस्ट कराने की मांग की है. अब तक 7 लोगों की गिरफ्तारी प्रजापति समेत…
(TH) The oil ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates. This will help operators quickly put in production the CBM blocks they hold and reverse the trend of investors relinquishing coal-seam blocks due to viability issues of current pricing. If approved, the move will benefit Reliance Industries, which has two blocks in Madhya Pradesh that are in the process of starting production. Besides, ONGC and Essar Oil will benefit as it will help them put their acreage into production quickly. Interestingly, of…
(Prabhat Khabar) भाजपा के वरिष्ठ नेता व राज्य के पूर्व उपमुख्यमंत्री सुशील कुमार मोदी ने कहा कि बिहार में जदयू-राजद और कांग्रेस का कथित महागंठबंधन बिखराव की ओर अग्रसर है. उन्होंने कहा कि वैशाली के राघोपुर में आयोजित सरकारी कार्यक्रम से न केवल सीएम नीतीश कुमार की तसवीर गायब थी. बल्कि चारो तरफ राजद के झंडे लहरा रहे थे. राजद के अलावा सरकार में शामिल सहयोगी दल जदयू व कांग्रेस के किसी मंत्री व विधायक तक को कार्यक्रम में आमंत्रित नहीं किया गया था. इसी प्रकार सीएम के यात्रा कार्यक्रम में भी कहीं उपमुख्यमंत्री शामिल नहीं हुए. मोदी ने कहा कि…
(TH) Chockalingam, Chinnaiyan, Vasanthi and Saraswathy, along with six others, are planning to tell the locals of Neduvasal in Tamil Nadu what ONGC’s oil and gas business is all about. No, they are not real persons, but fictitious characters, who are going to demystify the whole concept of hydrocarbon exploration and production in the country. Accused of not connecting with the locals about the oil and gas exploration activity, ONGC has decided to use a Karaikal-based popular street play troupe to create awareness.“We have been working on it. In the next few days, we will start holding nukkad nataks. In fact,…
(FE) The Union Cabinet is likely to consider tomorrow a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act. Besides, the bill seeks to enable the central government to change the ceiling for tax free gratuity after factoring in rise in income levels by an executive order bypassing Parliament route to amend the law. “The bill to amend the Payment of Gratuity Act is likely to be considered and approved by the Union Cabinet in its meeting scheduled tomorrow,” a source said. After the amendment in the…
(NDTV) अब तक एटीएम से ‘चिल्ड्रन बैंक ऑफ इंडिया’ के नोट निकलने के मामले सामने आ रहे थे, अब इन नोटों को बैंक में जमा करने की कोशिश का मामला सामने आया है. यह मामला हैदराबाद में सामने आया. पुलिस ने यह कोशिश करने वाले को हिरासत में ले लिया है. दो हजार और 500 रुपये के नए नोट प्रचलन में आने के बाद ‘चिल्ड्रन बैंक ऑफ इंडिया’ लिखे हुए नोट बाजार में बिकने लगे हैं. इन नोटों को वैसे तो बच्चों के खेल के लिए प्रयुक्त किया जाता है, लेकिन असली नोटों से काफी हद तक मिलते-जुलते इन नोटों…
(FE) State Bank of India (SBI) today announced a one-time farm loan settlement scheme worth Rs 6,000 crore primarily for tractors. “One Time Settlement (OTS) announced for #Agriculture #Loans! Scheme valid until 31st March. Contact your branch for details & benefits,” the nation’s largest lender said on the microblogging site Twitter today. Managing director Rajnish Kumar told CNBC-TV18 the scheme will result in the bank taking a 40 per cent haircut on outstanding tractor loans as of September 2016. SBI’s total farm loan portfolio is Rs 1.25 trillion and Kumar said the tractor loan book is about Rs 6,000 crore.He said…